Genesis Investment Bank Set to Launch with Comprehensive Financial Services Portfolio
Addis Ababa, Ethiopia – Genesis Investment Bank™, a new financial institution founded by Ermias Amelega, is preparing to enter the market with a broad...
IMF Agrees to $950 Million Exemption for Koysha Hydroelectric Dam and Project Completion
IMF Support for Ethiopia's Macroeconomic Reform Program
The Board of the International Monetary Fund (IMF) has recently endorsed Ethiopia's macroeconomic reform program, detailing the decision...
NBE Governor Mamo Mehretu Announces $2.5 Billion Transfer from IMF and World Bank
The governor of the National Bank, Mamo Mehretu, said that so far, 2.5 billion dollars have been transferred to the National Bank from the...
Birr Falls 58 % to 90.78 as Dashen Bank Takes the Lead in Currency Float
Ethiopia recently made a significant shift in its monetary policy by floating its currency, the birr. This move has led to a sharp devaluation,...
Ethiopia’s Birr Plummets by 82% to 103.94: CBE Leads the Charge in Currency Float
Ethiopia recently made a significant shift in its monetary policy by floating its currency, the birr. This move has led to a sharp devaluation,...
Prime Minister Calls Banks’ Efforts Inadequate in Closing the Exchange Rate Gap with the Black Market
In a recent address to various segments of the public, including regional leaders, ministers, and investors, Prime Minister Abiy Ahmed urged Ethiopian banks to...
